What is management consultant’s insurance?

As a business or management consultant, you help other companies to get better and dream bigger.

You understand processes and problem-solving, delivering solutions to drive business change and improve turnover. Clients rely on your expertise, and your opinion is your most valuable asset.

But what happens if advice you’ve given causes a financial loss for the client? If someone trips and injures themselves on a visit to your office, or you accidentally cause damage on a visit to theirs?

AXA’s flexible business insurance for consultants offers protection against legal costs and compensation claims – whether they’re from clients, visitors or staff. Our cover offers up to £5 million in professional indemnity cover to protect against claims related to advice or designs you’ve supplied.

And as your company grows, possibly expanding into its own office or taking on more staff, your insurance can be tailored to grow with you.

Why do consultants need professional indemnity insurance?

Dissatisfied clients

You’re the expert, and your clients rely on your advice and expertise to help them develop and maintain performance. That comes with responsibility too, and what might work well for one company could result in losses for another. If this happens while you’re insured with AXA’s professional indemnity insurance, and you need to defend yourself against a claim, we’ve got your back.

Accidental injury

Accidents happen, and when they do, you could be held responsible. Say you’re visiting a client to offer a consultation, and one of their employees trips over your laptop cable and suffer an injury. You may to be held liable, but with public liability insurance you’ll be covered for up to £5 million cover against accidental damage or injury caused by your negligence on your business premises, or when you’re carrying out business elsewhere.

Broken equipment

It takes equipment to keep your business running, but what would happen if any one of them gets lost or damaged? Business contents cover from AXA will ensure you that whatever essential equipment you need to stay connected – from your whiteboards and pens to the latest cutting-edge technology – we’ve got your back.

How much does business or management consultant insurance cost?

How much you pay for your cover will depend on your business and the cover you need.

Every company is different, and the needs of your business will be totally unique. That's why we offer tailored, flexible cover. So that your business insurance will always fit your business perfectly.

The quickest way to find out your price? Get a quote online - it's quick, easy, and you'll get a 10%* discount for purchasing through our website.

How much professional indemnity insurance do management consultants need?

The level of professional indemnity cover that you need will depend on your business. The size of your business, level of experience, and the type of clients you serve will all play a factor in the level of cover you need.

If you want to find out more about professional indemnity insurance, you can check our AXA’s guide to understanding professional indemnity insurance. The quickest way to find out how much cover you need is to get a quote, which can do easily online.


Do you provide proof of cover?

We understand that some clients will require proof of insurance before signing a contract. That’s why here at AXA, you’ll get proof of your insurance - so you can show it whenever you need to. If you ever need you a copy of your proof of insurance, simply log into your MyAXA account, where it’s exportable from the documentations suite.

What's the difference between professional indemnity and public liability for management consultants?

Professional indemnity insurance and public liability insurance both provide cover for different things.

With professional indemnity insurance you are covered for complaints and claims made for service-based complaints, i.e. the work you have provided for a client. So, if a you have provided a piece of work, or some advice for a client, and the client suffers negatively as a result, professional indemnity will defend you in the event of claim.

Public liability insurance, on the other hand, is there to help if someone suffers an injury or their property is accidentally damaged by your business. Public liability insurance can cover you if you need to defend yourself against a claim made by a client or member of the public in these types of cases.

Both types of insurance can be beneficial for management consultants may need to defend their business against claims, or who interact with members of the public.

Is my past work covered?

When you take out professional indemnity insurance with us, you’ll be asked if you want to cover your past work. If you choose this option with your policy, you can rest easy knowing we’ll protect any work conducted before taking out your policy with us as well as the work you do once you’re an AXA customer.

IT contractor insurance

As an IT specialist, you help other businesses sort their technical processes and achieve their goals. That’s why you need insurance that can target the specific work you do.

With our buildable cover, you can tailor your insurance to protect you where you need it most.

Take a look at our business insurance for IT contractors


What insurance do I need as a business or management consultant?

Select from this range of covers and build the cover that suits your business.

Professional indemnity

Up to £5 million cover if you’re found to provide advice, design or suggestions that have caused a financial loss for a client.

Find out more about professional indemnity insurance

Public liability insurance

Protect your business in case of injury or damaged caused to a third party or premises.

Find out more about public liability insurance

Employers’ liability insurance

Keep your staff safe with employers’ liability insurance.

Find out more about employers liability insurance

Contents cover

Safeguard what’s in your workspace with our contents insurance.

Find out more about contents insurance

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*This discount is applied automatically and lasts for the lifetime of your policy.